Riyadh - Sharikat Mubasher: Budget Saudi, a leading car rental company in Saudi Arabia, signed a 10-year franchise agreement to extend its partnership with Avis Budget Group (ABG) until 2033, the company announced in a press release.

The Budget and Payless Franchise agreement was signed by Fawaz Danish, President and CEO of Budget Saudi, and Hans Mueller, Vice President for Global Licenses at ABG, in a ceremony held on the sidelines of ABG’s Middle East Conference in Jeddah.

Danish affirmed that extending the partnership is a testament to ABG’s trust in the company and its ability to deliver consistently and grow exponentially in the upcoming years.

“The brand Budget and Payless is secure in our portfolio in Saudi Arabia and is well positioned to achieve our vision of being the most comprehensive transportation solutions provider in the Kingdom: a one-stop-shop for wide-ranging vehicle renting and leasing services, as well as premier limousine operations. We are fully focused on achieving our accelerated growth plans for the next five years,” Danish added.